New Deadline for Forms W-2 & 1099-MISC

Congress has made a revision to the Consolidated Appropriations Act, which was signed by President Obama in 2016, in an effort to reduce ongoing fraud. For the 2016 tax year employers must file their government copies of Forms W-2 to the Social Security Administration and 1099-MISC to the Internal Revenue Service by January 31, 2017 rather than February 28 as it was in the past. If January 31 falls on a Saturday, Sunday, or legal holiday, the deadline will be the next business day. This will apply to both electronic and paper returns.

For 1099’s the new January 31 deadline only applies to Form 1099-MISC reporting amounts in Box 7: Non-employee Compensation. If you don’t have amounts in Box 7 you must file by February 28, 2017, for paper returns and by March 31, 2017, if you file electronically.

There will be penalties for reporting late, which can be found on If you have any questions regarding this change, please contact your representative at Hertzbach.